Ministry of Trade, Industry and Energy

ICT exports post second highest record of $19.1 billion in March

The Ministry of Trade, Industry and Energy announced on April 18 that exports of information and communication technology (ICT) goods posted the second highest monthly record of USD 19.1 billion in March.Exports of ICT goods were up 18.6 percent from a year earlier, achieving double-digit year-on-year growth for the 16th consecutive month since December 2016.ICT imports also rose 4.5 percent year-on-year to $9.1 billion, and the trade surplus in this sector stood at $10.1 billion.The double-digi date2018-04-18

Ministry hosts Global Project Plaza 2018 in Seoul

Deputy Minister for Trade Kang Sung-chun (center) posed for a photo with representatives of foreign agencies that are planning industrial projects at the Global Project Plaza 2018 in Seoul on April 17.The Global Project Plaza 2018, scheduled to be held from April 17 to 19, is hosted by the Ministry of Trade, Industry and Energy together with the Korea Trade-Investment Promotion Agency (KOTRA) and Korea Plant Industries Association (KOPIA) to help Korean construction companies and plant builders date2018-04-17

Ministry hosts event to promote foreign investment

Deputy Minister of Trade and Investment Kim Young-sam of the Ministry of Trade, Industry and Energy spoke at the Investors of the Quarter event that was held to promote foreign investment in Seoul on April 11.In his opening remarks, Deputy Minister Kim highlighted the importance of investing in new types of businesses as well as transforming the current investment models into more attractive models amid escalating global trade tensions and rising interest rates. He also emphasized that the gover date2018-04-11

FDI pledges to Korea jump to 2nd highest for Q1

The Ministry of Trade, Industry and Energy announced on April 4 that foreign direct investment (FDI) pledged to Korea in the first quarter of 2018 jumped 28.1 percent year-on-year to USD 4.9 billion.This second highest figure ever for the first quarter indicates that foreign investors find Korea an attractive destination for investment.FDI arrivals in the first quarter contracted 2.9 percent year-on-year to $2.9 billion, which exceeded an average quarterly amount of $2.7 billion for the pas date2018-04-04

Korea’s exports post record high for March

The Ministry of Trade, Industry and Energy announced on April 1 that Korea’s exports posted a record high for March exports, surpassing USD 50 billion.The value of overall outbound shipments in March rose 6.1 percent year-on-year to $51.6 billion, increasing for the 17th consecutive month. This growth is attributable to increased trade, strong performance of the information technology industry, and higher prices for oil and other major Korean export items.Average daily exports advanced 8.3 date2018-04-02

ICT exports jump 12% to $15.7 billion in February

The Ministry of Trade, Industry and Energy announced on March 15 that exports of information and communication technology (ICT) goods jumped 12 percent year-on-year to USD 15.7 billion in February.Exports of ICT goods saw double-digit growth for the 15th consecutive month since December 2016, while reaching a record-high for each respective month for 13 straight months.ICT imports also rose 6.9 percent from a year earlier to $7.8 billion, increasing for 16 consecutive months.Trade surplus in thi date2018-03-15

Korea’s exports grow 4% to $44.9 billion in February

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 1 that Korea’s exports in February grew 4 percent year-on-year to USD 44.9 billion. This was despite 2.5 fewer working days in February this year compared with the same month in 2017 because of the Seollal holiday.Exports of goods increased for 16 consecutive months for the first time in 74 months since December 2011. The average daily exports of goods rose 17.3 percent to $2.3 billion from a year earlier, achieving grow date2018-03-02

Minister Paik meets Abu Dhabi Executive Affairs Authority Chairman in UAE

Trade, Industry and Energy Minister Paik Ungyu (right) met Abu Dhabi Executive Affairs Authority Chairman Khaldoon Khalifa Al Mubarak during his visit to Abu Dhabi, the United Arab Emirates (U.A.E.), on February 26 (U.A.E. local time).During the meeting, Minister Paik and Chairman Al Mubarak discussed ways to enhance cooperation in industry and energy sectors. date2018-02-26

ICT exports rise 28.1% to $17.7 billion in January

The Ministry of Trade, Industry and Energy announced on February 13 that exports of information and communication technology (ICT) goods rose 28.1 percent year-on-year to USD 17.7 billion in January.Exports of ICT goods saw double-digit growth for the 14th consecutive month since December 2016, while reaching a record-high for each respective month for 12 straight months.The double-digit growth in ICT exports was led by a 53.8 percent year-on-year increase in outbound shipments of semiconductors date2018-02-21

Korea’s exports expand 22.2% to $49.2 billion in January

The Ministry of Trade, Industry and Energy (MOTIE) announced on February 1 that Korea’s exports in January expanded 22.2 percent year-on-year to USD 49.2 billion, posting an all-time January record high. Exports of goods increased for 15 consecutive months, achieving a double-digit growth in four months since September 2017. The average daily exports of goods rose 9.5 percent to $2.1 billion from a year earlier. Won-denominated exports increased 10 percent to 52.5 trillion won. Export pr date2018-02-01